The East Asian experience : the poverty of "picking winners"

• Main Authors: Desker, Barry, Elms, Deborah
• Other Authors: S. Rajaratnam School of International Studies
• Format: Working Paper
• Published: 2009
• Subjects: DRNTU::Social sciences::Economic development::East Asia
• Online Access: https://hdl.handle.net/10356/90645; http://hdl.handle.net/10220/4489
• Institution: Nanyang Technological University

Many leaders in Africa argue that East Asia's success in economic growth and development is due to special prowess in "picking winners". That is, the state is assumed to have adequately identified future growth areas and effectively channeled investments into specific firms or industr...